Consumer prices (provisional)

The Italian inflation slowdown was mainly due to the decrease of the annual rate of change of prices of Miscellaneous goods and services and Restaurant and hotels, only partially offset by the rise of the annual rate of change of Transport.

The stability on monthly basis of All items index was essentially due to the opposite monthly dynamics of prices of Food and non-alcoholic beverages (-0.8% compared with June 2013)  and of Transport (+1.0% with respect of the previous month).

With regard to Food and non-alcoholic beverages, the main cause were the large decreases of prices of Fresh vegetables (-7.3% on monthly basis, +8.4% on annual basis) and of Fresh fruit (-6.8% compared with the previous month, +9.5% with respect to July 2012).

Concerning Transport, the main causes were the large increases of prices of Passenger transport by air (+11.2% on monthly basis; +18.3% on annual basis) and of Passenger Transport by sea and inland waterway (+8.7% compared with the previous month; -7.3% on annual basis), on which seasonal factors had an impact.

In the same division, Fuels and lubricants had an upward impact due to an increase with respect to the previous month (+0.8%) that brought to +0.3% the annual rate of change, from -2.0% of June 2013.